TTM Technologies (TTMI) Lowered to Hold at BidaskClub
TTM Technologies (NASDAQ:TTMI) was downgraded by stock analysts at BidaskClub from a “buy” rating to a “hold” rating in a research report issued on Tuesday.
Several other research analysts have also recently commented on TTMI. Zacks Investment Research cut shares of TTM Technologies from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 9th. Needham & Company LLC upgraded shares of TTM Technologies from a “buy” rating to a “strong-buy” rating and set a $22.00 price target for the company in a report on Monday, August 7th. Stifel Nicolaus reiterated a “buy” rating and set a $17.50 price target on shares of TTM Technologies in a report on Thursday, September 28th. ValuEngine cut shares of TTM Technologies from a “strong-buy” rating to a “buy” rating in a report on Friday, September 1st. Finally, J P Morgan Chase & Co set a $22.00 price target on shares of TTM Technologies and gave the stock a “buy” rating in a report on Wednesday, August 16th. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. TTM Technologies presently has an average rating of “Buy” and an average price target of $20.50.
TTM Technologies (NASDAQ:TTMI) traded down $0.07 during midday trading on Tuesday, reaching $15.61. 747,741 shares of the company’s stock traded hands, compared to its average volume of 1,036,640. The company has a quick ratio of 1.21, a current ratio of 1.65 and a debt-to-equity ratio of 1.02. TTM Technologies has a 12 month low of $12.76 and a 12 month high of $19.54. The firm has a market cap of $1,589.33, a PE ratio of 12.39 and a beta of 1.55.
In other news, Director Kenton K. Alder sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of $15.67, for a total transaction of $47,010.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders have sold a total of 9,000 shares of company stock valued at $139,320 in the last 90 days. Insiders own 28.40% of the company’s stock.
Large investors have recently modified their holdings of the company. Riverhead Capital Management LLC lifted its position in shares of TTM Technologies by 71.5% during the 2nd quarter. Riverhead Capital Management LLC now owns 6,860 shares of the technology company’s stock worth $119,000 after buying an additional 2,860 shares during the last quarter. Pacad Investment Ltd. purchased a new stake in shares of TTM Technologies during the 2nd quarter worth approximately $133,000. Simplex Trading LLC purchased a new stake in shares of TTM Technologies during the 3rd quarter worth approximately $120,000. Ladenburg Thalmann Financial Services Inc. lifted its position in shares of TTM Technologies by 169.0% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 8,048 shares of the technology company’s stock worth $124,000 after buying an additional 5,056 shares during the last quarter. Finally, Ameritas Investment Partners Inc. lifted its position in shares of TTM Technologies by 29.6% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 8,112 shares of the technology company’s stock worth $141,000 after buying an additional 1,852 shares during the last quarter.
About TTM Technologies
TTM Technologies, Inc is a manufacturer of printed circuit board (PCB) products and is focused on technologically advanced PCBs and electro-mechanical solutions (E-M Solutions). As of January 2, 2017, the Company operated a total of 25 specialized facilities in North America and China. The Company’s segments include PCB, E-M Solutions and Corporate.
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